Vectra

This single order accounted for as much as a third of India's annual uptake of civilian helicopters. Vectra, which had acquired its first two EC155 choppers in '05, will extend its missions all over India. "As the latest member of Eurocopter's Dauphin series, the EC155 offered the optimal performance, comfort and safety characteristics for our specific mission scenarios," Lt General (Retd) SJS Saighal, CEO, Vectra, said. Norbert Ducrot, senior vice president for sales in Asia-Pacific at...

NEW DELHI: Manohar Parrikar has made his opinion against random blacklisting of defence companies that complicate modernisation of the forces, but he will now have to walk the talk on a specific case involving a group against which restrictions had been put in place but has since been cleared of charges by investigative agencies. The minister, who has repeatedly spoken against the 'blacklisting culture' of the last government, is set to take a call on whether a banned...

FRANKFURT: Adam Opel AG, the German unit of US auto giant General Motors, is cutting sales targets for its new mid-sized flagship Vectra model, German magazine Automobilwoche said on Sunday, citing a board member. The magazine cited Uhland Burkart, board member responsible for sales and marketing as saying Opel expected to sell 100,000-120,000 Vectra units in Europe in 2002, down from an earlier target of 150,000 after a slowdown in daily output to 650 vehicles a day from a planned peak of 870...

NEW DELHI: Manohar Parrikar has made his opinion against random blacklisting of defence companies that complicate modernisation of the forces, but he will now have to walk the talk on a specific case involving a group against which restrictions had been put in place but has since been cleared of charges by investigative agencies. The minister, who has repeatedly spoken against the 'blacklisting culture' of the last government, is set to take a call on whether a...

NEW DELHI: Vectra Group Chief Ravinder Rishi , facing a CBI probe for the alleged irregularities in supply of all-terrain Tatra trucks, has been restrained from travelling to the Republic of Czech and Slovakia by a special court. Special CBI Judge Ravinder Kaur , however, permitted Rishi to travel to London and Georgia via Moscow for four weeks from August 13 for medical treatment and business purposes after CBI said it has no objection on his plea to travel...

NEW DELHI: Vectra chief Ravinder Rishi , facing CBI probe for allegations of corruption in Tatra trucks deal, has left for Britain for a four-week period for treatment of his liver ailment. He left after orders of the Delhi High Court which took an undertaking from him that he would not be visiting any other country except Britain and would submitted medical records of his treatment upon his return. The 57-year-old head of Vectra and founder...

PUNE: General Motors India, which is currently restructuring its dealerships on the basis of customer satisfaction and sales targets, will "very shortly" launch the Vectra as a completely built unit. The Vectra, a D segment car from the Opel stable, is currently undergoing validation tests in the country, said Aditya Vij, president and managing director, GMI. GMI's on-going programme of expanding its dealer network and restructuring existing ones will result in a total of 46 dealerships...

NEW DELHI: The CBI today vehemently opposed in the Supreme Court any permission for NRI businessman and controversial Vectra company chief Ravinder Rishi to visit the United Kingdom for medical treatment of his various ailments, saying he may not return. Appearing before a bench of justices Altamas Kabir and J Chelameswar, Additional Solicitor General Haren Raval submitted that the investigating agency was apprehensive that if Rishi was allowed to leave...

NEW DELHI: Vectra chief Ravinder Rishi , facing CBI probe for allegations of corruption in Tatra trucks deal, has left for Britain for a four-week period for treatment of his liver ailment. He left after orders of the Delhi High Court which took an undertaking from him that he would not be visiting any other country except Britain and would submitted medical records of his treatment upon his return. The 57-year-old head of Vectra and founder...

BANGALORE: General Motors, is set to launch a new league of multi-brand showrooms in India called GM AutoWorld towards January '03 in place of the current Opel showrooms. This will happen once GM rolls out at least two more vehicles between October and December this year ? the '02 Vectra in the 'D' segment, and Zafira, a hi-end MPV fitting into a slot just above Toyota Qualis. The showrooms may eventually host other cars from the Chevrolet and Isuzu brands which, sources say, GM may...

NEW DELHI: CBI on Wednesday carried out searches at the residential premises of two retired Army officers and an official of Vectra in connection with its probe into alleged irregularities in the procurement and supply of Tatra all-terrain vehicles to the Army. Three teams of CBI officials carried out searches in Noida and the national capital. The teams searched residence of retired Brigadier PC Das at Vasant Kunj and retired Colonel Anil Dutta at...

NEW DELHI: The Centre today moved the Delhi High Court challenging its single judge's order staying aviation regulator DGCA's direction for suspending the permit of Ravi Rishi-led aviation firm Global Vectra Helicorp Ltd (GVHL) to operate its fleet of choppers. The Director General of Civil Aviation (DGCA) filed an appeal before the division bench headed by Acting Chief Justice A K Sikri asking the court to set aside the single judge's interim order as "the...

NEW DELHI: The CBI today vehemently opposed in the Supreme Court any permission for NRI businessman and controversial Vectra company chief Ravinder Rishi to visit the United Kingdom for medical treatment of his various ailments, saying he may not return. Appearing before a bench of justices Altamas Kabir and J Chelameswar, Additional Solicitor General Haren Raval submitted that the investigating agency was apprehensive that if Rishi was allowed to leave...

NEW DELHI: Vectra Chairman Ravinder Rishi today provided to the CBI some key documents related to Tatra all terrain vehicle deal during his questioning by the agency officials. Rishi, who arrived at the CBI headquarters is being probed by the agency in connection with all terrain vehicles deal with the BEML, CBI sources said. The sources, without specifying details of documents, said Rishi has visited to provide some records related to...

NEW DELHI: The CBI today questioned Vectra Chairman Ravinder Rishi in connection with Tatra all terrain vehicles supply deal as it needed clarifications on some additional facts which emerged recently during officials' visit to BEML facilities in Bangalore. CBI officials, who carried out an on-site verification of BEML facilities in Bangalore for the production of Tatra vehicles, have gathered "some crucial" evidence which indicate alleged involvement of...

NEW DELHI: Two directors of Global Vectra Helicorp Ltd (GVHL), under the Vectra Group which is being probed by the CBI in connection with the sourcing of Tatra trucks to the Indian armed forces, have resigned. In a filing to the BSE, the company said that R S S L N Bhaskarudu has resigned as director with effect from May 1 while the resignation of Swati Rishi was effective from May 4. GVHL is part of Ravi Rishi-led Vectra Group. Ravi Rishi and the...

NEW DELHI: General Motors India is developing the Isuzu Panther as its next 'bread and butter product' for the Indian market. To be manufactured at its facility in Halol, the Panther will be heavily localised and compete in the volume utility vehicles segment against the Qualis and Sumo. According to sources in the company, the Panther is slated for launch "next calendar year" and will debut with "at least 70 per cent local content". General Motors is looking at engine manufacturing as well and...

NEW DELHI: The CBI today questioned Lt Gen (retd)Tejinder Singh for the third consecutive day in connection with the Tatra all terrain vehicles suppply scam and complaint of Army Chief Gen V K Singh about alleged bribe offer made to him by the senior officer. Singh, who arrived early in the morning, remained at the CBI Headquarters for nearly seven hours with the investigators for questioning, CBI sources said. The agency is likely to register a regular...

NEW DELHI: With the cancellation of flying licence to Global Vectra helicopters , hunt is on for new operators to fill in the gap for taking part in sorties during anti-Naxal operations besides helping oil companies in their off-shore functions and also ferrying of pilgrims. Aviation regulator DGCA suspended the operating permit of Global Vectra, whose promoter Ravi Rishi is under the CBI scanner in the controversial Tatra truck deal with the army, following...

NEW DELHI: India's aviation regulator has grounded operations of helicopter firm Global Vectra Helicorp, whose London-based promoter Ravi Rishi is being probed by CBI for Tatra's truck deal with the Army. "The security clearance given by the Ministry of Home Affairs with respect to Global Vectra Helicorp Ltd and Ravi Rishi has been suspended. It is a prerequisite for holding an operating permit," Director-General of Civil Aviation EK Bharat Bushan...